Question: DQuestion 24 2.5 pts Questions 24-25 are based on the following information According to January 16th issue of the Economist, the current price of Big

DQuestion 24 2.5 pts Questions 24-25 are based on the following

DQuestion 24 2.5 pts Questions 24-25 are based on the following information According to January 16th issue of the Economist, the current price of Big Mac in US is around $3.73, while the price of Big Mac in Japan is around JPY320. The current exchange rate is JPY82.5/9 The "implied" exchange rate between USD and Japan based on "Big MacCurrency" is $1-JPY320 $1 JPY85.79 $1-JPY82.5

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